The Maples - Plot 70 (Alnmouth), High Road, Spalding, PE12 6RA

Shared Ownership This brand new home is available to buy from as little as £100,000 with a 50% share!

The Maples is an attractive development in the Lincolnshire village of Weston, around 3.6 miles from Spalding, offering a choice of two, three, four and five-bedroom homes.

The development combines a pleasant village setting with the surrounding Lincolnshire countryside, while remaining within easy reach of the wider range of shops, services and leisure facilities available in nearby Spalding and Holbeach.

Everyday amenities are close at hand, with Weston Village Stores and Post Office, the community hall and Weston St Mary CE Primary School all within a short walk.

Spalding provides supermarkets, cafés, independent shops, leisure and healthcare facilities, while Springfields Shopping Outlet is approximately three miles away.

Secondary schooling nearby includes Spalding Academy and Spalding High School.

The location is also well placed for travel throughout the region, with road connections towards Peterborough, Boston and King’s Lynn.

Spalding railway station is the nearest station, providing onward connections across the region.

The brochure puts Spalding at approximately 3.6 miles, Boston at 15.9 miles and Peterborough at 22.1 miles. The Alnmouth is a well designed two bedroom home offering a modern and practical layout.

The ground floor centres around a spacious open-plan kitchen/dining/living room, creating one sociable space for cooking, dining and relaxing, together with a convenient downstairs WC.

Upstairs are two bedrooms and the family bathroom. Outside is parking and a garden.

Pricing & affordability Full Market Value: £200,000 50% Share Price: £100,000 (rent £229.17pcm) 60% Share Price: £120,000 (rent £183.33pcm) 75% Share Price: £150,000 (rent £114.58pcm) Minimum 5% Mortgage Deposit (50% share): £5,000 Approximate Service Charges: £65.55 pcm* Shared Ownership Lease: 990 years Council Tax Band: Tbc Eligibility Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property.

The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share.

The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

At The Maples advertised shares start from 50% of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria: • Your annual household income does not exceed £80,000.

• You have a deposit of at least 5% of the share value • You do not own another property or have your name on the deeds or a mortgage for a property worldwide. • This will be your only residence.

• You are a permanent UK resident or have indefinite right to remain.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

**These photos are for information purposes only and may not represent a true likeness for the units being sold.

They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific.

We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.